So, what is EncrypGen?
EncrypGen de-identifies raw DNA data, which may have been taken when having DNA test, file by stripping it away from name, email, and other sensitive information. DNA data buyers search Gene-Chain profiles suitable for their projects and purchase de-identified genomic data with DNA tokens. You earn DNA tokens every time a researcher buys your data, and you can turn those tokens into numerous types of spendable money.
Putting your DNA on the blockchain? Why would I want to do that? Rather simple – science needs you! Scientific researchers and pharmaceutical labs are in need of a diverse sample of genomic data. You can get paid for helping researchers find better treatments and cures for diseases by sharing your DNA test result.
For more information on EncrypGen, you can visit their official website here -
You can also read more about EncrypGen and DNA on the CoinMetro blog here!
How to buy or sell DNA on CoinMetro
Please note; the dashboard swap widget and market orders are currently disabled for DNA due to liquidity. This is to protect you against slippage when buying or selling DNA.
How to receive/deposit DNA
For all in-depth information on how to deposit DNA into your CoinMetro account, please click here.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As CoinMetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to send/withdraw DNA
For all in-depth information on how to withdraw DNA from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing DNA.
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